The rate of increase in the population of a city is 4% every year, if the population of that city in the year 2000 was 75000. what will be the targetted population of the city in the year 2003
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The rate of increase in the population of a city is 4% every year, if the population of that city in the year 2000 was 75000. what will be the targetted population of the city in the year 2003
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Step-by-step explanation:
Given Problem:-
The rate of increase in the population of a city is 4% every year, if the population of that city in the year 2000 was 75000. what will be the targetted population of the city in the year 2003
Solution:-
The present population in the city in 2000 =75000
Rate of increase in the population in every year =4%
Required population in the year =2003
Time =2003-2000=3 years
We know that
A=P[(1+R/100)]^n
=>A=75000[1+(4/100)]³
=>A=75000[104/100]³
=>A=75000×104×104×104/1000000
=>A=75×104×104×104/1000
=>A=84364800/1000
=>A=843648/10
=>A=84364.8 ~ 84365
Therefore A=84365
Answer:-
The population in the city in 2003 =84,365